Govt partnership to create centre of excellence for Social Impact Bonds

Cabinet Office has announced a partnership with the Blavatnik School of Government, University of Oxford to create a new ‘centre of excellence' for Social Impact Bonds.

The five-year partnership will develop research in the field of SIBs and provide support to local commissioners.

Announcing the move, Cabinet Office said the Government Outcomes Lab aims to find new ways for the public sector to commission services while achieving better social outcomes, aligning the interests of local authorities, social investors and charities.

Minister for Civil Society Rob Wilson said SIBs represent a “revolution” in the way government can deliver public services.

“The Government Outcomes Lab will give local authorities the support they need to develop more SIBs more quickly and build a centre of research excellence within the UK. It will continue our world leadership in this area and help us to build a truly compassionate society.”

Professor Ngaire Woods, Dean of the Blavatnik School of Government, said governments everywhere will benefit from research, data, and training on how to focus on outcomes and work better with the private and not-for-profit sectors.

“The partnership with the Cabinet Office brings the strength and momentum of the Blavatnik School of Government together with a powerful transformative initiative in the UK Government.”

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